DOMINICAN REPUBLIC — Lantica Media, here, and AMBI Group, the consortium of vertically integrated film development, production, finance and distribution companies, have announced a collaboration agreement for a multi-picture, co-production and co-financing deal for feature films in both the English and Spanish languages. Additionally, the two companies have agreed to establish a new post production facility that specializes in visual effects and 2D-to-3D stereoscopic conversion at Pinewood Dominican Republic Studios (www.pinewoodgroup.com), under the AIC Studios banner.
AIC is the AMBI-owned (www.ambipictures.com) VFX and animation company based in Toronto. The new facility in the Dominican Republic is expected to open this year. AMBI and Lantica have committed to making three English and Spanish language feature films over the next three to five years, with budgets ranging depending on the scope of the project. The films will be fully financed by AMBI and Lantica. The announcement was made by Lantica Media CEO Antonio Gennari and AMBI co-founders and principals Andrea Iervolino and Monika Bacardi (pictured).
“We are extremely pleased with this next phase of our development,” says Lantica Media CEO, Antonio Gennari. “Our long-term goals have always been to create a full-service facility in the Dominican Republic and with AMBI’s partnership, we will be able to add visual effects and 3D conversion to the list of services. Additionally, Andrea and his team have a proven track record making them a strong production and financing partner. We look forward to continuing to expand the offering of entertainment services here in the D.R. as well as offer quality visual effects to our customers and producing partners.”
“The movie business is flourishing in the Dominican Republic, and throughout the Caribbean, thanks to companies like Lantica Media investing in high quality productions that have a halo effect around the region,” says Andrea Iervolino. “As a result, there is an increased need for post production and VFX services that are geographically advantageous to use and we are thrilled to be able to offer these tools and resources. Monika and I, together with Antonio, are very excited about the collaboration between our companies.”
“The Caribbean region is laden with rich story ideas, locations and talented filmmakers, and on a whole, exemplifies the vision we have to make high quality movies that will be appealing on a global scale,” adds Monika Bacardi.